GST Malaysia Workshop Being Held To Help Business Owners Get GST Ready
Join the workshop to learn how to get your business ready for the Malaysian Goods and Services Tax (GST).
Online, December 29, 2013 (Newswire.com) - The Malaysian Government has announced in the Budget 2014 that there will be a 6% Goods & Services Tax (GST), and it will go into effect in Malaysia on April 1st, 2015. If you are a Malaysian business owner, you need to ask yourself if your business is GST ready.
You will face serious challenges if your business is not GST ready.
Heavy fines and penalties for non-compliance: It doesn't matter how big your company is, the law imposes the same GST compliance obligations once your company has RM500, 000 yearly turnovers.
Insufficient resources: Your team may not be able to handle updating the recording system and accounting to handle the additional work to account for the tax. This workshop will help train them to do so.
You could have cash flow problems: There are potential implications to the cash flow, and you may need to restructure your cash flow to prevent problems once GST is implemented.
Procurement: Customers tend to go on shopping sprees right before these kinds of taxes have gone into effect, in other countries. Then, there is a typical period of inactivity once the tax is introduced.
Come join the workshop to learn how to get your business ready for the Malaysian Goods and Services Tax (GST).
The Practical GST Concepts and Application Workshop will help prepare participants by giving them all the facts about the Malaysian GST legislation.
Company directors, chief executive officers, chief financial officers, finance managers, accountants, and business entrepreneurs should attend this workshop. Any employee at any level of your organization who is affected by the change should attend the workshop, but one person may be able to train the rest once he has attended.
This workshop will have a course outline that includes a basic concept of GST, traditional issues surrounding the implementation of GST, strategies to overcome the negative impact of GST on your company, GST accounting, GST summary sheet, bad debt relief, registration, the scope and elements of GST, input tax credit, and more.
The course fee is RM488/- per person, and that price is inclusive of all cost materials.
Details:
January 9th, 2014
Venue: BUKIT KIARA EQUESTRIAN & COUNTRY RESORT
Time: 9:00 AM to 5:00 PM
(Registration starts at 8:30 AM)
For more: http://www.yycadvisors.com/goods-and-services-tax-gst-malaysia-workshop.html